GigCapital5, Inc. (GIA.U) Prices 20M Unit IPO at $10/unit

September 24, 2021 5:50 AM EDT

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GigCapital5, Inc. (NYSE: GIA.U) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. Each unit consists of one share of common stock and one redeemable warrant of the Company. Each whole warrant entitles the holder to purchase one share of common stock of the Company at a price of $11.50 per share. The units will be listed on the New York Stock Exchange (NYSE) and are expected to trade under the ticker symbol “GIA.U” beginning on September 24, 2021. Once the securities comprising the units begin separate trading, the shares and warrants are expected to be traded on NYSE under the symbols “GIA” and “GIA.WS,” respectively. The offering is expected to close on September 28, 2021, subject to customary closing conditions.

GigCapital5 is GigCapital Global’s sixth Private-to-Public Equity (PPE)™ company since inception in late 2017. The Company will seek companies in the technology, media, and telecommunications, aerospace and defense, advanced medical equipment, intelligent automation and sustainable industries anywhere in the world that embrace today’s digital transformation and intelligent automation as a competitive advantage.

Wells Fargo Securities, LLC, and William Blair & Company, L.L.C. are the joint book running managers for the offering. The managers have a 45-day option to purchase up to an additional 3,000,000 units solely to cover over-allotments, if any.

Registration statements relating to the securities became effective on September 23, 2021. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York, 10001, at (800) 326-5897 or emailing a request to cmclientsupport@wellsfargo.com, and William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at (800) 621-0687 or by email at prospectus@williamblair.com. Copies of the registration statements can also be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.



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